South Korea's Samyang Holdings, a conglomerate traditionally rooted in food and chemicals, is setting its sights on Japan's semiconductor supply chain as part of a strategic pivot into high-growth industries.
According to Nikkei Asia, Yoon Kim, chairman of Samyang, articulated the company's ambition to pursue strategic acquisitions in Japan, particularly targeting firms specializing in semiconductor materials. Kim underscored the intent to channel investments into high-growth domains such as semiconductors, leveraging Japan's reservoir of advanced technological expertise.
Centennial milestone drives strategic evolution
As Samyang commemorates its 100th anniversary in 2024, the mid-sized conglomerate reflects on its origins in sugar refining before diversifying into chemicals and biopharmaceuticals. To global consumers, the company is perhaps best known for its instant noodles. Now, Samyang is positioning itself to penetrate the semiconductor industry, a move that signals its intent to redefine its legacy in cutting-edge technology.
Korea-Japan partnership vision takes shape
Yoon Kim, who also serves as co-chair of the Korea-Japan Economic Association—a body uniting business leaders from both nations—emphasized the untapped potential of Japan's small and medium-sized enterprises, many of which boast sophisticated technological capabilities.
Kim also highlighted the growing concern over potential US tariffs, an issue affecting both South Korea and Japan. To enhance competitiveness and reduce the risks associated with tariffs, he proposed creating a unified economic zone between the two countries. He suggested that this arrangement would enable the smooth movement of people, goods, and capital, helping to strengthen economic stability amid an increasingly unpredictable global trade landscape.
Article edited by Jerry Chen
